The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Tuesday held a high-level meeting with the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, at the CBN Headquarters in Abuja, with discussions centred on strengthening coordination between fiscal and monetary authorities.
According to a statement released on the Ministry of Finance’s official X handle, the engagement was aimed at sustaining macroeconomic stability, boosting investor confidence, and unlocking private sector-led growth in line with the federal government’s economic reform agenda.
The statement noted that Mr. Edun stressed the importance of synergy between both arms of economic management.
“The Minister reaffirmed that close alignment between fiscal and monetary policy is critical to consolidating President Bola Tinubu’s reform agenda, ensuring inflation is contained, revenues are mobilised efficiently, and credit flows effectively to productive sectors,” it said.
Also present at the meeting was the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, emphasising the role of revenue mobilisation in the government’s broader economic strategy.
The meeting comes against the backdrop of criticisms that, in the last administration, there was little or no synergy between fiscal and monetary authorities, leading to policy inconsistencies that undermined growth, stifled private sector participation, and heightened macroeconomic challenges.
With Nigeria witnessing a consistent decline in inflation, relative exchange rate stability, and a need to attract more investment inflows, the latest meeting signals a deliberate effort by the current administration to forge closer collaboration among key economic managers.
Dr. Wahab Balogun, Managing Director and Chief Executive Officer of Ambosit Capital Managers, noted that “the presence of the finance minister, the CBN governor, and the FIRS chairman at the same table suggests a more integrated approach to tackling revenue shortfalls, inflation management, and credit delivery to critical sectors of the economy.”
While no specific policy measures were announced immediately after the meeting, Dr. Balogun believes “the discussions will shape upcoming fiscal and monetary strategies, especially as the government continues to push reforms designed to stabilise the economy and stimulate growth.”
